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-class neighborhood in northern virginia, the president came down strongly on the side of middle income americans. >> they should definitely get an extension of the tax cuts that were instituted in 2001/2003. >> reporter: but he was just as adamant about not extending the bush tax cuts for upper incomes. >> to do it we'd have to borrow $700 billion over the course of ten years. and we just can't afford it. >> reporter: under the president's plan, the bush tax cuts would be extended permanently for couples making less than $250,000 a year and for individuals making less than $200,000. what does that mean for the middle-class? those earning between $50,000 and $75,000 would avoid a tax increase of more than $1,100 a year. those between $75,000 and $100,000 would avoid an increase of more than $1,800. but the wealthy would get hard. the 315,000 american households but the wealthy would get hit hard. the 315,000 american households that make more than a million dollars a year would see their tax bills rise on average by more than $100,000. house republican leader john boehner stunned members of both
. >> couric: i know earlier today the president was in northern virginia talking about health care reform which, as you mentioned, the republicans are threatening to repeal. why was he revisiting this topic today when he's been so criticized for initially not focusing on the economy? >> well, katie, he's trying to help democrats who are being just hammered out on the campaign trail on health care reform. so today he highlighted a number of popular provisions of the bill that take effect tomorrow. for example, starting tomorrow insurance companies will be barred from denying coverage to children because of preexisting conditions. insurance companies will also no longer be allowed to put a lifetime limit on the amount of coverage and children will be allowed to stay on their parents' insurance plans until their 26th birthday. katie, when he signed the bill six months ago, approval of health care reform was 37%. after talking about it a lot, it's still at 37%. hasn't gone up a bit. >> couric: all right. chip reid. chip, thank you, nice to have you in new york. and it didn't take long, the in
morning. rough seas and rip currents through the weekend. up and down the east coast, virginia, maryland, you get it friday afternoon. into friday night. again, it will weaken after that to a category 2 most likely. the jersey shore friday night and into early saturday morning. then it weakens again, most likely to a category 1. then rolls to long island into cape cod saturday and saturday night. and maine into sunday. watch those rip currents. much more weather ahead in a couple of minutes. we will send it back to you in new york. >> dave, thanks. after seven long years president obama formally announced the end of u.s. combat operations in iraq last night. during his speech, he declared it was time to turn the page and to focus on problems back here at home in the west. bill plan joins us with more. good morning. >> reporter: good morning to you. the president was speaking last night from the oval office. to underscore the gravity of the situation. he framed his announcement as a promise kept. >> i am announcing that the american combat mission in iraq has ended. iraqi people now have
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